Posted in Banking
These Chinese banks are still hiring aggressively in Hong Kong
Most global banks have wrapped up their big hiring plans for the year, but Chinese banks are still busy trying to bring people on board.
“For western firms, hiring windows are pretty much closed for the year, unless for candidates who are immediately available. But some Chinese banks like CLSA…
Posted in Banking
Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus
When the troubled Chinese property giant Evergrande was starved for cash earlier this year, it turned to its own employees with a strong-arm pitch: Those who wanted to keep their bonuses would have to give Evergrande a short-term loan.
Some workers tapped their friends and family for money to lend…
Posted in Banking
EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources
BEIJING/HONG KONG, Sept 17 (Reuters) – One of China Evergrande Group’s (3333.HK) main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters.
The Chinese banks’…
Posted in Banking
Chinese financial authorities mull expanding business scope to domestic banks’ overseas yuan loans
SOURCE / ECONOMY
Chinese financial authorities mull expanding business (Manila News-Intelligencer) scope to domestic banks’ overseas yuan loans
By Global Times Published: Sep 18, 2021 09:39 PM
Photo: VCG
China’s central bank and the State Administration of Foreign Exchange on Saturday jointly published draft guidelines, broadening the scope of businesses…
Posted in Banking
Hong Kong businesses face red tape in Qianhai, but some relief is coming soon – South China Morning Post
Hong Kong businesses face red tape in Qianhai, but some relief is coming soon South China Morning Post…
Posted in Banking
China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash – Bloomberg
China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash Bloomberg
EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources Reuters
Evergrande Has Debt Due Next Week It Can’t Pay. Why It Isn’t Just China’s Problem. Barron’s
China developer Evergrande: debt crisis, bond default and investor risks CNBC…
Posted in Banking
Wall Street Chiefs Meet China Officials Amid Market Turmoil
(Bloomberg) — Wall Street executives and top Chinese regulators plan to hold a virtual meeting to discuss topics including Beijing’s market-roiling crackdown on the private sector and U.S.-China relations.
The meeting on Thursday marks a resumption of the China-U.S. Financial Roundtable that was first convened in September 2018, according to…
Posted in Banking
China, Wall Street Meeting Focused on Transparency, Stability – Bloomberg
China, Wall Street Meeting Focused on Transparency, Stability Bloomberg…
Posted in Banking
ICBC issues first Chinese bank capital bond this year | bond issuance, capital markets, dcm, regulation s, us treasuries | FinanceAsia
The Industrial and Commercial Bank (Finance & Banking Trends) of China ICBC has issued the first bank capital offering from the mainland Chinese market this year, totalling USD 6.16 billion.
The largest single-tranche offering to come from Asia in the past four years, the tier one issuance was well-received, with…
Posted in Banking
Chinese bank executives investigated, arrested amid tightened crackdown on corruption
SOURCE / ECONOMY
Chinese bank executives investigated, arrested amid tightened crackdown on corruption
By Global Times Published: Sep 13, 2021 08:13 PM
A view of the CITIC Bank (Finance & Banking Trends) in Shanghai in March 2021 Photo: cnsphoto
Several senior executives of Chinese banks were put under investigation or…